On January 22, 2025, Divvy Homes, a market leader in the proptech industry, announced that they have entered into a definitive agreement whereby a Brookfield private real estate fund will acquire Divvy Homes’ property portfolio and platform for a total consideration of approximately $1 billion. Maymont Homes, Brookfield’s single-family home rental business, will manage the portfolio on an ongoing basis. Wilson Sonsini Goodrich & Rosati advised Divvy Homes on the transaction.
The sale will facilitate Divvy Homes' evolution while maintaining a strong focus on customer satisfaction. The deal is expected to close in mid-February, subject to the satisfaction of customary closing conditions.
The Wilson Sonsini team that advised Divvy Homes includes:
M&A
Corporate
Real Estate
Technology Transactions
Data, Privacy, and Cybersecurity
Tax
Employee Benefits and Compensation
Employment
For more information, please see Divvy Homes' blog post. Additional coverage can be found on Bloomberg.
